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Personal Loan Jaipur

What is Personal Loan Jaipur

A personal loan is an unsecured loan which helps you to meet your current financial crises. You don’t need to pledge any security or collateral while applying for a personal loan and the financial institution provides you with the flexibility to use the funds as per your need. Apply Online for the Personal Loan in Jaipur via and get instant approval.Personal Loan Jaipur

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What is the Eligibility Criteria for Personal Loan Jaipur

Both Self-employed and Salaried applicants can avail a personal loan, but the criterion is different for both applicants.

For Salaried:

  • Firstly, the borrower should be an Indian citizen.
  • Secondly, the applicant’s age should be at least 21 years.
  • Next, the applicant’s age should not be above 60 years.
  • After that, the borrower should be working in a company from the last three months.
  • Lastly, minimum salary of the customer should be Rs 18,000 per month.

For Self-Employed:

  • Firstly, the borrower should be an Indian citizen.
  • Secondly, the applicant’s age should be at least 25 years.
  • Next, the applicant’s age should not be above 65 years.
  • After that, the person should be carrying his/her business for at least three years.
  • Next, the customer should be filing his/her Income Tax Returns at least for three years with a minimum amount of Rs. 2.5 lakhs.

To know more about: Personal Loan Eligibility

What are the Documents Required for Personal Loan Jaipur?

  • First of all, you require 2 coloured passport size photographs.
  • After that, you must possess some documents for identity proof, Residential proof, and Income proof.
  • For Identity and Residential Proof, you need to submit PAN card or Aadhar card or Voter Id card or Driving license or Passport.
  • Then, you need documents for income proof like a bank statement or your salary slip of the last 6 months and self-employed applicants need to add their income tax return statement of the previous 3 years.

To Know more about: Documents Required for Personal Loan 

What are the Interest Rates of Personal Loan Jaipur?

Usually, the interest rate of a personal loan varies due to various factors present in the market. But often, these are 10.75% p.a. Factors like the amount of credit, type of bank, etc. affect the interest rates.

More About: Interest Rates on Personal Loan

Pre-closure Charges

Personal Loans is available to the clients with the Pre-closure facility, but it involves some penalty charges. Generally, these charges are 0-2%.

What is the maximum Tenure of Personal Loan Jaipur?

The clients are free to select the tenure of their credit, i.e. from 1 year to 5 years. However, it depends upon the applicant’s suitability.

How can you Repay the Personal Loan?

A personal loan has 3 repayment modes:

  • Term Loan – The client pays the bank per month interest rate, and in the end, he/she will pay the principal amount as well.
  • Overdraft – Overdraft facility provides the client to pay only the used amount of loan for that particular time. Also, there are no interest charges upon it.
  • EMI – EMI is that facility in which the bank makes the instalment of a part of interest rate and principal after that the customer need to pay it per month.

What are the Features of the Personal Loan  Jaipur?

It is easy to Apply for a personal loan. The client can apply online in 2 minutes. The Personal Loan is available offline as well, however, the online method is more convenient.

  • You can visit our website,
  • A personal loan doesn’t involve any collateral asset. Applicants get the loan as per their income or salary.
  • Moreover, the applicants are not bounded by any restrictions on the end use of loan amount.
  • Furthermore, the tenure of the loan is quite flexible.
  • It takes only 30 minutes for the approval of Personal Loan if the client is eligible for the loan.

Where you can use the Personal Loan Amount?

A personal Loan amount is used for multiple reasons like:

  • Wedding – Everyone desire to organise a Big Fat Indian Wedding but fails when they get out of cash. In such situations, a personal loan can be very beneficial.
  • Education – For higher education, one may get short of cash, in such a circumstance, a personal loan will finance you.
  • Medical – You can never predict when you meet with an accident and get out of funds to make the payments for your expenses. A personal loan is the best option in such situations.
  • Vacations – Personal loan is available for the payment of travel expenses so that you can give your life a boost up.

At last, it is on the applicant’s will.

About Jaipur

Jaipur is the capital city of the Indian state of Rajasthan. As per 2011 India Census, the city had a population of 3.1 million people which makes it the tenth most populous city in the country. Also, Jaipur is known as the Pink City, due to the prevailing colour scheme of its buildings.